City National Bank & Trust in Lawton, Okla., is venturing outside of its home state by opening three branches inside Wal-Mart Supercenters in Kansas.
The three branches, planned for the Wichita area, had been branches for the $1.5 billion-asset Fidelity Bank, the Wichita Business Journal
With the new branches, the $293 million-asset City National will have 38 branches in Oklahoma and Kansas. Most of those branches are located in Wal-Mart stores.
The tokenization platform provider, which has a non-binding agreement with NYSE and is aiming for a public debut, promoted former SEC trading and markets director Brett Redfearn to the role.
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The White House Office of Management and Budget will issue paperwork allowing the Treasury Department to disburse congressionally appropriated funds through the Community Development Financial Institutions Fund, breaking an impasse that has stalled funding for months.
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
In a strategic shift, the Walnut Creek-based company has tapped a trio of former PacWest executives to fill its top three management positions.
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